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Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Financial Instruments

Schedule of movement in the reserve for cash flow for hedging, listed by the hedged risk

​

​	​	​	​
EUR’000		2023	2022
Fair Value change of Cash flow hedges	​	​	​
Cumulative fair value change at 1 January		1,343	—
Fair value adjustment at year-end, net		(18,505)	905
Interest recycled at year-end, net	​	(776)	438
Time value adjustment at year-end, net		(3,621)	—
Cumulative fair value change at 31 December		(21,559)	1,343
The fair value of cash flow hedges at 31 December can be specified as follows:		​	​
Interest rate risk hedging		(11,790)	3,163
Foreign currency risk hedging	​	(6,148)	(1,820)
Foreign currency risk hedging - time value	​	(3,621)	—
Cumulative fair value change at 31 December		(21,559)	1,343

Schedule of maturity profile of the nominal amount of the interest rate swaps, foreign currency forward contracts and option collars and the fair values

​

​	​	​	​	​	​	​
​	​	Less than 1	Between 1	Between 2	Fair value EUR’000
Notional amount EUR’000	​	year	and 2 years	and 5 years	Asset	Liability
2023	​	​	​	​	​	​
Interest rate Swap – EURIBOR 3M	​	—	—	555,000	—	(11,790)
2022	​	​	​	​	​	​
Interest rate Swap – EURIBOR 3M	​	—	—	469,375	3,451	(288)

​

​	​	​	​
EUR’000		2023	2022
Movements in the hedging reserve	​	​	​
Beginning of year		3,163	—
Fair value adjustment for the year		(14,177)	2,725
Interest recycled for the year		(776)	438
End of year		(11,790)	3,163

​

​	​	​	​	​	​	​
​	​	Less than 1	Between 1	Between 2	Fair value EUR’000
Notional amount USD’000		year	and 2 years	and 5 years	Asset	Liability
2023	​	​	​	​	​	​
FX forward contracts	​	150,000	50,000	—	—	(5,338)
Option collars	​	—	250,000	50,000	—	(4,431)
2022	​	​	​	​	​	​
FX forward contracts	​	—	200,000	—	—	(1,820)
Option collars	​	—	—	—	—	—

​

​	​	​	​
EUR’000		2023	2022
Movements in the hedging reserve	​	​	​
Beginning of year		(1,820)	—
Fair value adjustment for the year - FX forward contracts		(3,518)	(1,820)
Fair value adjustment for the year - Option collars	​	(810)	—
Time value adjustment for the year	​	(3,621)	—
End of year		(9,769)	(1,820)

​

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- Definition

The disclosure of detailed information about maturity profile of the nominal amount of the derivative instruments and their fair values.

+ References

No definition available.

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- Definition

The disclosure of detailed information about hedges.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Note Expired 2023-01-01
-Name IFRS
-Number 7
-IssueDate 2023-01-01
-Paragraph 22
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_22&doctype=Standard
-URIDate 2023-03-23

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